Aditxt Correlations

ADTX Stock

USD 0.08 0.01 12.76%

The current 90-days correlation between Aditxt Inc and Dermata Therapeutics is 0.07 (i.e., Significant diversification). The correlation of Aditxt is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Aditxt Correlation With Market

Significant diversification

The correlation between Aditxt Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aditxt Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aditxt Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Aditxt Stock

0.63	ILMN	Illumina	Pair Corr
0.8	INZY	Inozyme Pharma	Pair Corr
0.73	KURA	Kura Oncology	Pair Corr
0.95	ABOS	Acumen Pharmaceuticals	Pair Corr
0.84	STRO	Sutro Biopharma	Pair Corr
0.9	TCRX	Tscan Therapeutics	Pair Corr
0.89	TERN	Terns Pharmaceuticals	Pair Corr
0.91	CRNX	Crinetics Pharmaceuticals Earnings Call Tomorrow	Pair Corr
0.68	CTMX	CytomX Therapeutics	Pair Corr
0.79	DAWN	Day One Biopharmaceu	Pair Corr
0.68	TLKMF	Telkom Indonesia Tbk	Pair Corr

Moving against Aditxt Stock

0.79	OPT	Opthea Earnings Call Tomorrow	Pair Corr
0.76	GANX	Gain Therapeutics	Pair Corr
0.74	PHGE	Biomx Inc	Pair Corr
0.71	LTRN	Lantern Pharma	Pair Corr
0.68	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.64	CUE	Cue Biopharma	Pair Corr
0.56	FENC	Fennec Pharmaceuticals	Pair Corr
0.49	A	Agilent Technologies Earnings Call Tomorrow	Pair Corr
0.75	CGTX	Cognition Therapeutics	Pair Corr
0.67	DBVT	DBV Technologies Earnings Call Next Week	Pair Corr
0.54	CPRX	Catalyst Pharmaceuticals Earnings Call Tomorrow	Pair Corr
0.91	SSNLF	Samsung Electronics	Pair Corr
0.9	OBI	Ondine Biomedical	Pair Corr
0.72	GPI	Group 1 Automotive	Pair Corr
0.64	EC	Ecopetrol SA ADR Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	NRBO	DRMA	UNCY	REVB	PALI	PSTV	QNRX	ALLR	KRBP	VRAX
NRBO		-0.07	0.14	0.64	0.76	0.1	0.58	0.23	0.0	-0.13	NRBO
DRMA	-0.07		0.54	0.02	-0.1	0.17	0.2	-0.14	0.0	0.35	DRMA
UNCY	0.14	0.54		0.03	0.12	0.1	0.58	-0.36	0.0	0.22	UNCY
REVB	0.64	0.02	0.03		0.86	0.2	0.61	0.23	0.0	0.31	REVB
PALI	0.76	-0.1	0.12	0.86		0.11	0.7	0.34	0.0	0.25	PALI
PSTV	0.1	0.17	0.1	0.2	0.11		0.23	0.11	0.0	-0.1	PSTV
QNRX	0.58	0.2	0.58	0.61	0.7	0.23		-0.04	0.0	0.21	QNRX
ALLR	0.23	-0.14	-0.36	0.23	0.34	0.11	-0.04		0.0	0.08	ALLR
KRBP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	KRBP
VRAX	-0.13	0.35	0.22	0.31	0.25	-0.1	0.21	0.08	0.0		VRAX
	NRBO	DRMA	UNCY	REVB	PALI	PSTV	QNRX	ALLR	KRBP	VRAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PALI	+ 0.86	REVB
PALI	+ 0.76	NRBO
QNRX	+ 0.7	PALI
REVB	+ 0.64	NRBO
QNRX	+ 0.61	REVB
QNRX	+ 0.58	NRBO

High negative correlations

ALLR	- 0.36	UNCY
ALLR	- 0.14	DRMA
VRAX	- 0.13	NRBO
VRAX	- 0.1	PSTV
PALI	- 0.1	DRMA
DRMA	- 0.07	NRBO

Risk-Adjusted Indicators

There is a big difference between Aditxt Stock performing well and Aditxt Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aditxt's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NRBO	3.99	(0.48)	0.00	0.69	0.00	0.00	8.05	(7.34)	25.83
DRMA	4.36	0.28	0.05	0.37	5.12	(5.24)	12.39	(7.35)	35.54
UNCY	4.14	0.46	0.09	0.36	4.28	(5.18)	9.43	(7.50)	28.72
REVB	6.40	(1.07)	0.00	1.23	0.00	0.00	17.05	(15.43)	71.84
PALI	5.32	(1.01)	0.00	(4.41)	0.00	0.00	3.95	(11.84)	93.57
PSTV	2.70	0.02	0.01	0.01	3.45	(3.10)	5.98	(6.54)	19.04
QNRX	5.68	(0.71)	0.00	2.08	0.00	0.00	14.29	(9.59)	58.63
ALLR	4.53	(0.52)	0.00	2.22	0.00	0.00	6.93	(10.48)	47.01
KRBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VRAX	6.11	0.35	0.05	0.28	6.67	(7.56)	16.67	(10.93)	59.66

Aditxt Corporate Management

CPA CPA	President	Profile
Thomas CPA	Chief Officer	Profile
Matthew Shatzkes	Chief Counsel	Profile
MS MD	Senior Discovery	Profile
Dr D	Senior Transplantation	Profile
Amro Albanna	Chairman CoFounder	Profile

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